ExxonMobil Reportedly Bids Iraq Farewell, PetroChina Takes the Lead in Mega Oilfield

ExxonMobil Reportedly Bids Iraq Farewell, PetroChina Takes the Lead in Mega Oilfield

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Exxon Mobil Corp XOM has reportedly exited the West Qurna 1 oilfield in southern Iraq and transferred its operations to PetroChina Co., Ltd.PCCYF as lead contractor. Yesterday, Senior Iraqi oil officials met with executives of XOM, PetroChina and Basra Oil Co at the West Qurna 1 field near Basra…

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